Saturday, July 23, 2011
CRVA - Everyone Gets a Turn With The Pony
My grandfather used to say that about the unions, and back office deals that ran the costs up on the shareholders during the days when labor unions were king. As long as you could tell the shareholders that sales were up and all the insiders profited then you had a good thing going, and everyone would be happy...
As long as all the everyone got a "turn with the pony".
And so it seems is the case with the Charlotte Regional Visitors Authority.
One company who has had their turn with the pony is Price Waterhouse Coopers. According to this engagement letter PwC was hired to do little more than share a cup of coffee and sit in on some meetings. Cost? $25,000.00 in the form of a "retainer" plus expenses.
A well deserved hat tip to http://www.citynewswatch.blogspot.com for providing the heads up and a copy of the letter.
As City News Watch points out PwC was to be paid, but “It is understood and agreed that PwC will "not" be responsible for any review and/or audit of the CRVA’s operating policies or organizational structure.”
In other words as they say in the "escort business" money exchanged is for companionship only.
Cedar Posts contacted Molly Hedrick Senior Director of Communications with the CRVA seeking comment on the content of the PwC letter, but received no reply.
We also wondered if the CRVA actually paid the $25,000.00 retainer and if maybe more was paid after the May 27th date.
You would think the members of Charlotte's City Council would be up in arms, demanding a full true audit and accept nothing less. Instead the CRVA board shuffles the deck, pushing Tim Newman to the back of the bus via this letter to Mayor Foxx and City Council then hires another consulting firm to conduct a "nation search for a new CEO".
Yes Sir Everyone Gets A Turn With The Pony!